Blockchain and digital trust enter into large-scale application: by 2021, at least 25% of the world's top 2000 enterprises will take large-scale application of blockchain services as the basis of digital trust; along with the process of comprehensive digital transformation, it is inevitable to establish the application standardization of digital trust through blockchain. At the same time, the traditional foreign exchange industry urgently needs a transparent, trusted, interactive, efficient and high expansion system technology, "foreign exchange + blockchain" will lead a new industrial transformation of nearly 100 billion market volume.The HB foreign exchange ecological public chain was established by the EFG consortium and EFG Wealth Management Co., Ltd.,which is promoted by the HB Asia-Pacific community.The EFG consortium was founded in 1963 by the Renault, Don, and Ken families in Switzerland. Its original businesses include private banking, insurance, financial credit, and financial trust management,with the Market value reaching to 173.9 billion euros.EFG Wealth Management Co., Ltd. is registered in the Cayman Islands and obtained a full foreign exchange finance license in 2007. Its business covers crude oil, foreign trade, funds, equity, bonds, real estate and other fields, and its foreign exchange business ranks among the top five in the world. It has wholly-owned subsidiaries in many international financial centers such as London, Russia, Dubai, etc., and its business map covers the world!In September 2019, the board of directors of the EFG consortium decided to invest 100 million euros to develop a foreign exchange ecological public chain (HB) used in the global market.They decided to Solve the inherent pain points of the traditional foreign exchange through blockchain technology.Through the combination of regional location advantages, we introduce and integrate the surrounding ecological partners by helping foreign exchange market participants lower the threshold. After the process of expanding corporate boundaries, building a basic consensus, and efficiently completing the cooperation between enterprises and countries, we will finally achieve the free flow of foreign exchange value.
Prospects
The scale of the world's foreign exchange market is nearly ten trillion
Industry pain points
Transaction data is opaque
Forex + blockchain
Distributed record storage, safe and reliable data, open and transparent
Transaction data is opaque
Clearing and settlement are complex and high risk
HB Vision
HB is committed to becoming a global universal foreign exchange industry infrastructure, creating a development and closed-loop public chain ecology, and solving the "investment, trade, settlement, supervision" interactive relationship of the future digital foreign exchange industry. HB is a decentralized ecological platform that uses blockchain technology to safely store and share basic foreign exchange data. HB In order to solve the development bottleneck of the traditional foreign exchange industry, the R & D team takes the development of distributed foreign exchange rate difference data as the core of the blockchain-based foreign exchange ecological data sharing platform, making full use of the blockchain's high credibility and low cost Security, distributed ledgers and decentralized consensus have adopted a new smart contract architecture design to achieve a comprehensive reform of the foreign exchange industry service system, restructure the foreign exchange ecological chain, and promote the transformation of traditional foreign exchange capital markets.
Technology System
The goal of the HB (Hart Block Chain) blockchain project is to establish a blockchain technology system and system service platform that is suitable for a wide range of application scenarios, meets the needs of foreign exchange companies and investors, and is open and traded. During the development and application of HB (Hart Block Chain), we always pay attention to the four aspects of performance, contract, scalability, and security, and focus on the optimization of blockchain technology capabilities in these four aspects.
Economic model
In the early stage of the ecology of HB (Hart Block Chain), by building a global foreign exchange capital market platform based on the token economic model, relying on the advantages of massive user big data established, HB is the only one token that circulates in all ecosystems incubated by the platform. The ecological value reached by the consensus is of great significance.
core team
News
The world's first foreign exchange public
EFG wealth management co on October 23, 2019. , Ltd officially listed on the Cayman Islands, the world financial
HB APP 2.0 will be launched soon
EFG announced HB Asia Pacific promotion plan, HB APP 2.0 will be launched soon
tokenInsight redefines EFG agency rating
On February 1, Insight, an international blockchain rating agency, re-rated the EFG agency since the release of the
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